FTC on crypto scammers and plans to modernize guidance to prevent digital deception

By Susan Ross (US) and Paul Guirguis (US) on June 15, 2022 Posted in Fraud

As a follow up to our previous posts on digital assets and social media, the Federal Trade Commission recently published a Consumer Protection Data Spotlight on June 3, 2022. In the post, the FTC provides insights on the fraud reports submitted to the FTC from January 1, 2021 to March 31, 2022. According to the … Continue reading

Social media and cryptocurrency fraud

By Susan Ross (US) and Paul Guirguis (US) on March 15, 2022 Posted in Fraud

Creators of fraudulent crypto assets beware. A recent court decision supported investors, creators and marketers of legitimate crypto assets, and the integrity of the crypto asset market as a whole. While the creator of BitConnect remains at large and is facing his own indictment for his role in the scheme that allegedly defrauded investors of … Continue reading

Celebrity Endorsements, Cryptocurrencies, and Initial Coin Offerings

By Susan Ross (US) on November 15, 2017 Posted in General

Our readers may recall that 2017 brought warning letters from the U.S. Federal Trade Commission to celebrities who had posted some photos on Instagram and the FTC has recently taken action regarding some undisclosed “material connections.” A post on our sister blog, Regulation Tomorrow, describes the U.S. Securities & Exchange Commission’s recent warnings about celebrity … Continue reading